Hawkins, Inc. (NASDAQ:HWKN) Plans $0.19 Quarterly Dividend

by · The Cerbat Gem

Hawkins, Inc. (NASDAQ:HWKN – Get Free Report) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Friday, February 13th will be given a dividend of 0.19 per share by the specialty chemicals company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th.

Hawkins has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. Hawkins has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hawkins to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 17.8%.

Hawkins Stock Down 8.8%

NASDAQ:HWKN traded down $13.59 during midday trading on Thursday, reaching $140.17. 201,030 shares of the stock traded hands, compared to its average volume of 123,044. The stock has a market capitalization of $2.93 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 2.38 and a beta of 0.86. Hawkins has a 12-month low of $98.30 and a 12-month high of $186.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 2.43. The business has a 50-day moving average of $144.14 and a two-hundred day moving average of $156.57.

Hawkins (NASDAQ:HWKN – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). Hawkins had a return on equity of 17.42% and a net margin of 7.95%.The business had revenue of $244.08 million during the quarter, compared to analyst estimates of $252.51 million. On average, equities analysts forecast that Hawkins will post 4 earnings per share for the current fiscal year.

Hawkins Company Profile

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Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.

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